§ 53C-8-17 – Interstate regulatory agreements.
53C-8-17. Interstate regulatory agreements. The Commissioner may enter into cooperative, coordinating, and information sharing agreements with (i) any bank supervisory agency having jurisdiction over an out-of-state bank that operates one or more branches in this State and (ii) any bank supervisory agency of another state in which a bank operates one or more branches with […]
§ 53C-9-101 – Supervisory combinations.
53C-9-101. Supervisory combinations. Notwithstanding any other provision of this Chapter, in order to protect the public, including depositors and creditors of a bank, the Commissioner, upon making a finding that a bank is unable to operate in a safe and sound manner and is not reasonably likely to be able to resume safe and sound […]
§ 53C-9-102 – Distributions; assignments restricted.
53C-9-102. Distributions; assignments restricted. A bank that is in the process of involuntary or voluntary dissolution pursuant to this Article may not make or pay distributions to its shareholders unless the bank has the prior written approval of the Commissioner. No bank shall make any general assignment for the benefit of its creditors except by […]
§ 53C-8-4 – Examination by Commissioner.
53C-8-4. Examination by Commissioner. (a) The Commissioner may examine everything relating to the business of a bank or its holding company, and may appoint examiners to make such examination. The examiners shall file with the Commissioner a full report of the findings resulting from the examination, including any violation of law or any unauthorized or […]
§ 53C-8-5 – Examination of affiliates.
53C-8-5. Examination of affiliates. The Commissioner, at his or her discretion, may examine the affiliates of a bank to the extent it is necessary to safeguard the interest of depositors and creditors of the bank and of the general public, and to enforce the provisions of this Chapter. The Commissioner may conduct the examination in […]
§ 53C-8-6 – Access to books and records; right to issue subpoenas, administer oaths, and examine witnesses.
53C-8-6. Access to books and records; right to issue subpoenas, administer oaths, and examine witnesses. (a) The Commissioner and the Commissioner’s examiners and agents: (1) Shall have free access to all books and records of a bank, its holding company, and their affiliates that relate to the business of the bank or the holding company, […]
§ 53C-8-7 – Examiner making false report.
53C-8-7. Examiner making false report. If any bank examiner shall knowingly and willfully make any false or fraudulent report of the condition of any bank that the examiner has examined with the intent to aid or abet the bank or its affiliates in committing violations of any provision of this Chapter, or if any examiner […]
§ 53C-8-8 – Examiner disclosing confidential information.
53C-8-8. Examiner disclosing confidential information. If any examiner or other employee of the OCOB fails to keep secret the facts and information obtained in the course of an examination of a bank except as permitted or required by this Chapter, the examiner shall be guilty of a Class 1 misdemeanor. (2012-56, s. 4.)
§ 53C-8-9 – Loans or gratuities forbidden.
53C-8-9. Loans or gratuities forbidden. (a) No bank, or any officer, director, employee, or affiliate thereof, shall make an extension of credit or grant any gratuity to the Commissioner, any deputy commissioner, or any bank examiner. Any person violating this provision shall be guilty of a Class 1 misdemeanor and may be fined a sum […]
§ 53C-8-10 – Willfully and maliciously making derogatory reports.
53C-8-10. Willfully and maliciously making derogatory reports. Any person who shall willfully and maliciously make, circulate, transmit, or otherwise communicate any statement, rumor, or suggestion to one or more other persons that is directly or by inference false and derogatory to the financial condition, or affects the solvency or financial standing, of any bank, or […]